Hsbc Holdings PLC Has $4.49 Million Stock Position in Universal Display Corporation $OLED

Hsbc Holdings PLC lifted its stake in Universal Display Corporation (NASDAQ:OLED) by 890.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,091 shares of the semiconductor company’s stock after purchasing an additional 34,247 shares during the period. Hsbc Holdings PLC’s holdings in Universal Display were worth $4,489,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Universal Display by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 472,363 shares of the semiconductor company’s stock valued at $67,846,000 after buying an additional 14,356 shares during the period. Aquatic Capital Management LLC boosted its holdings in Universal Display by 891.6% during the third quarter. Aquatic Capital Management LLC now owns 28,588 shares of the semiconductor company’s stock worth $4,106,000 after buying an additional 25,705 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Universal Display by 40.2% during the 4th quarter. Systematic Financial Management LP now owns 196,515 shares of the semiconductor company’s stock worth $22,949,000 after buying an additional 56,320 shares during the period. Cinctive Capital Management LP acquired a new position in shares of Universal Display during the 3rd quarter worth about $3,419,000. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Universal Display by 21.4% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 186,792 shares of the semiconductor company’s stock valued at $26,829,000 after acquiring an additional 32,955 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of Universal Display stock opened at $80.15 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 17.89 and a beta of 1.54. The business has a 50-day moving average of $89.05 and a two-hundred day moving average of $101.53. Universal Display Corporation has a 1 year low of $77.15 and a 1 year high of $159.27.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.37). Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The business had revenue of $142.21 million for the quarter, compared to the consensus estimate of $161.23 million. During the same quarter last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was down 14.5% on a year-over-year basis. On average, equities analysts anticipate that Universal Display Corporation will post 4.23 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. Universal Display’s payout ratio is presently 44.64%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Universal Display from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Needham & Company LLC decreased their price objective on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Thursday, June 18th. The Goldman Sachs Group set a $135.00 target price on shares of Universal Display in a report on Tuesday, April 21st. Finally, Roth Capital set a $168.00 price target on shares of Universal Display in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $130.60.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.